The production of wood chips, wood particles, and wood residues in Africa showed a generally upward trend between 2013 and 2022, peaking at 4.0406 million cubic meters from 2020 to 2022. The year 2023 saw a slight decline to 4.0321 million cubic meters. Year-on-year variation for 2023 was -0.21%, while the compound annual growth rate (CAGR) over the last 5 years is a modest 0.28%. Forecasts for 2024 to 2028 predict a gradual decrease, with production estimated at 3.9947 million cubic meters by 2028, showing a forecasted 5-year CAGR of -0.15% and a total growth rate of -0.73%.
Future trends to watch for include potential impacts from environmental policies, technological advancements in wood processing, and market demand for renewable energy sources which could influence production levels positively or negatively. Attention to these factors will be essential for stakeholders planning long-term investments and strategic initiatives in the wood industry in Africa.
